Silver Futures Fall to $19.65 an Ounce as Fed Meeting Starts

Silver futures for September delivery fell today, sinking $0.214, to $19.65 an ounce, on the COMEX in New York, Kitco reported.

Traders are currently awaiting a Wednesday announcement from the Federal Reserve in addition to a new US jobs report, expected Friday.

Prices for the white metal hit a one-month high of $20.60 an ounce last week. Bloomberg reported that silver has fallen 2 percent since the beginning of the year and is the worst performer on the Standard & Poor’s GSCI gauge of 24 commodities.